Trade and investment measures must respond accordingly to the constant changes taking place in the world in terms of doing business.
That was the message put forth by Minister for International Trade and Investment Richard Maru, when officially opening the 3rd EU -PNG Trade and Investment Conference in Port Moresby yesterday.
Maru said the trade and investment regime is constantly changing, not only with the onslaught of COVID- 19 pandemic, but also changes in technology.
“In line with these changes and with a wide range of ambitious investment enabling reforms, the government has allowed for much greater openness, further liberalization and more robust protections to all investors and bringing PNG’s investment environment further in line with global standards,” said the minister.
“In this regard, we warmly welcome EU investment provided in ways that can achieve mutual benefits for both businesses.”
Meanwhile, day one of the conference started on Tuesday (11/10/22).
The two days business to business conference will help increase business contacts, discover new business opportunities and new collaboration partnership between the EU and the Pacific with particular attention to trade and investment aspects of sustainable development.
Maru further said that the conference is not only a platform in growing the trade and economic cooperation, but is an excellent opportunity to introduce to the outside companies of both sides in the areas like banking and finance, agriculture, livestock and fisheries, electricity and food processing industry to name some.
The trade and investment conference will end tomorrow with the final sessions and panel discussions.